Southeast Asian stock markets fell on Monday, with Philippine shares slipping almost 4 percent and Indonesian stocks posting their biggest one-day drop in a year, amid concerns the US Federal Reserve may start pulling back on quantitative easing. Leading losers on the day, the Philippine main index, closed at 6,763.38, the lowest since April 8, extending last week's 3.4 percent drop.
Jakarta's Composite Index slid 1.9 percent to a one-month low of 4,971.35, led by a 2.3 percent loss in financial shares. Thai SET index was down 1.5 percent to 1,539.26, the lowest close in more than six weeks.
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